Morningstar SRRI

Lower Risk

Higher Risk

1

2

3

4

5

6

7

Potentially Lower ReturnsPotentially Higher Returns

Source: Morningstar

(End of Section)

(Start of Section)

Investment Objective

The investment objective of the Fund is to provide capital appreciation primarily through investment in quoted securities on a worldwide basis. It will be the normal policy of the Fund to invest mainly in equities.
It will be the normal policy of the Fund to invest mainly in equities. However, the Fund may invest on a short term basis not more than 15 percent. of the Net Asset Value of the Fund in Fixed Income Securities and preferred stock, if the fund manager considers this course of action appropriate to the goal of maximising capital growth.

(End of Section)

Portfolio Profile30/11/2016

Morningstar Style Box®

(Start of Section)

Equity Style

(End of Section)

(Start of Section)

Top Holdings

Name

Sector

%

IncreaseDecreaseNew since last portfolio

BNP Paribas

Financial Services

4.59

ING Groep NV

Financial Services

4.34

TAG Immobilien AG

Real Estate

3.50

Axiare Patrimonio SOCIMI SA

Real Estate

3.37

Deutsche Post AG

Industrials

3.14

(End of Section)

(Start of Section)

(Start of Section)

Asset Allocation %

Long

Short

Net

Stocks

98.67

0.00

98.67

Bonds

0.00

0.00

0.00

Cash

19.25

17.92

1.32

Other

0.01

0.00

0.01

(End of Section)

(End of Section)

(Start of Section)

Top Stock Regions

Region

%

Eurozone

49.16

United States

24.65

United Kingdom

7.10

Japan

6.31

Europe - ex Euro

4.58

(End of Section)

(Start of Section)

Top Stock Sectors

Stock Sector

%

Financial Services

20.71

Industrials

16.14

Real Estate

15.74

Consumer Cyclical

12.50

Consumer Defensive

10.49

(End of Section)

AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.